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GoPro NEWS RELEASE GoPro Announces Third Quarter 2021 Results 11/4/2021 Revenue of $ 317 million , up 13 % Year - over - Year Gross Margin of 43.6 % ( GAAP ) and 43.8 % ( non - GAAP ) Profitable on a GAAP and non - GAAP Basis with Earnings of $ 1.92 and $ 0.34 per Share GoPro Subscribers up 168 % Year - over - Year to 1.34 million SAN MATEO , Calif . , Nov. 4 , 2021 / PRNewswire / -- GoPro , Inc. ( NASDAQ : GPRO ) today announced financial results for its third quarter ended September 30 , 2021 and posted management commentary on the investor relations section of its website at https://investor.gopro.com . " GoPro had an outstanding third quarter with strong revenue , earnings , margin , and cash flow growth that have led us to raise our margin and profitability outlook for the year , " said Nicholas Woodman , GoPro's founder and CEO . " Strong demand , effectively managed supply chain and channel inventory combined with a successful new product launch to yield our highest gross margins since 2015. " " GoPro delivered exceptional earnings driven by revenue growth , expanded gross margins , and free cash flow from operations , " said Brian McGee , GoPro's CFO and COO . " We generated $ 166 million of free cash flow , or 15 % of revenue on a trailing twelve - month basis , thanks to continued camera mix shift to the high - end and execution of our direct - to - consumer , subscription - centric strategy . " Q3 2021 Financial Highlights 1